PE-backed Floor & Decor stock pops post-IPO

April 28, 2017

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Specialty Retail | Smyrna, GA | IPO

Floor & Decor (NYSE: FND), a provider of hard surface flooring products, has raised about $185 million in an IPO by pricing 8.82 million shares of common stock at $21 per share. Ares Management and Freeman Spogli & Co. had backed the retailer since 2010. Floor & Decor closed Thursday trading at $32.05 per share, representing a 53% first-day uptick.